Re/Max Holdings Inc reports results for the quarter ended in September - Earnings Summary

Re/Max Holdings

03/11/2023 06:42

* Re/Max Holdings Inc  RMAX.N  reported quarterly adjusted
earnings of 40 cents​​ per share for the quarter ended in
September, lower than the same quarter last year, when the
company reported EPS of 56 cents.  The mean expectation of
seven analysts for the quarter was for earnings of 36 cents per
share. Wall Street expected results to range from 33 cents to 39
cents per share.
    * Revenue fell 8.7% to $81.22 million from a year ago;
analysts
expected $81.46 million. 
    * Re/Max Holdings Inc's reported EPS for the quarter was a
loss of
$3.28​.
    * Re/Max Holdings Inc shares had fallen by 13.5% this
quarter and
lost 40.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4% in
the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Re/Max
Holdings
Inc is $21.00 

This summary was machine generated from LSEG data November 3 at
06:42 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.36           0.40           Beat
 Jun. 30 2023      0.40           0.40           Met
 Mar. 31 2023      0.26           0.26           Met
 Dec. 31 2022      0.42           0.41           Missed